Today’s Items:
First…
13 Year Cycle
http://kingworldnews.com
According to Ron Rosen, gold is showing signs of a 13 year cycle. Starting with 1974, then 1987, then 2000, gold went down, only to shoot right back up. In short, gold is bottoming in its cyclical bear phase inside of its secular bull market.
Next…
Number of Banks
http://www.zerohedge.com
The too big to jail banks have a larger share of the U.S. banking industry than they have ever had before. The number of banks has gone from 18,000 to 6,891 from 1985 to today. Also, the number of active branches are going down… Mostly in poor neighborhoods.
Next…
Mind Its Own Business
http://www.washingtonsblog.com
For the first time in 50 years, the majority of Americans believe the U.S. should mind its own business. Americans are sick of war, they are sick of treaties that benefit everyone, but Americans. Support for U.S. global engagement, already near a historic low, has fallen further. Of course, without global engagement to tie the dollar with oil, the U.S. dollar’s perceived value would will drop like a rock.
Next…
Young Turning On Obama
http://thehill.com
Mounting opposition to Obamawreck among young adults is creating a new crisis for the White House. The Obamawreck website’s problems has reinforced young adults doubts about the need to have health insurance at all. A poll found that more than half of 18 to 29-year-olds disapprove of Obamawreck and believe it will raise their healthcare costs. Without young healthy adults paying into the Obamawreck ponzi scheme, the system will collapse very quickly. No wonder Obama is calling on the nation’s bartenders to booze up their customers to sign up for this scam.
Next…
Greenspan Baffled Over Bitcoin
http://www.zerohedge.com
Former Federal Reserve Chairman Allen Greenspan does not understand the Bitcoin bubble. He claims for something to be worth something, it has to be backed by something. Well Allen, until 1971, the U.S. dollar was backed by physical gold… Other than broken promises and threats, what is the dollar back by today?
Next…
Barter Not An Option
https://www.youtube.com
This video clearly illustrates why bartering when it hits the fan is not an option. The key point is that both parties must be able to walk away from a deal with something they want. Other than food and ammo during a time of chaos – which everyone needs, commerce will be very difficult.
Next…
Distrust of Obama
http://townhall.com
In a recent poll, Obama’s approval has gone from 53 to 41%. Hispanic approval of Obama has gone from 75 to 52%^, or a 23% drop. Among Blacks, it is a 9% drop. Perhaps, one reason that Obama’s approval ratings are plummeting is because Americans’ distrust of Obama is growing. You think?
Finally, please prepare now for the escalating economic and social unrest. Good Day!
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